ACH, WIRE Transfer

[Former Member]

HI

what is the difference between the wiretransfer and ACH for outgoing payments and how to configure both, can anyone explain me with steps plzzzzzzz

thanks,

monica

[Former Member]

Hi

You can read the following links to understand the concept of ACH Payment methods (functional point of view):

http://vendors.conocophillips.com/payment/index.htm

http://www.shipamerican.com/setupfr/ACH.pdf

To understand the concept of wire transfer read the following link:

http://en.wikipedia.org/wiki/Wire_transfer

Thanks

Murali.